Asset manager Schroders has reportedly moved a large portion of its £807 million pension fund assets out of equities into bonds following a period of strong stock market performance.

The Schroders fund has moves nearly 50% of its growth assets, which relied heavily on equities to produce returns, into a strategic beta portfolio, which relies more on safer fixed income assets, the Financial Times has reported.

"The improvement in financial markets has given us another opportunity to reduce risk," the publication quoted Alan Brown, a trustee of the Schroders pension scheme as saying.

The report added that others are also expected to follow Schroders in moving into lower risk areas after a period of strong stock market performance.

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By GlobalData